Yesterday, the determining zone of resistance of the WCZ 1/2 1.3490-1.3479 was tested, which stopped the growth of the pair again. In order to sell an instrument, you need a “false breakout” pattern. The first goal of the decline can be considered in the range of the average daily rate from today’s maximum. This will […]
Yesterday, the pound ignored the news that Labour had resumed negotiations with the representatives of Theresa May’s government. As a result of the April talks, it became clear that the parties are still on opposite sides of the barricades and are not ready to make reciprocal concessions of a substantial nature. In addition, internal political […]
China retaliates by raising its own tariffs against US products, throwing markets into turmoil But some optimism returns to markets after Trump says he thinks trade talks will “be very successful” Gold softer after surging on Monday, stocks sell-off eases Volatility eases as Trump keeps trade deal hopes alive After a day of turmoil in […]
BITCOIN bounced off $7,500 amid the impulsive bullish momentum as expected. So, BTC reached the next milestone price area of $8,000 in the overnight trade in no time. The price is trading in the impulsive and non-volatile manner. Amid the persistent bullish pressure, BTC is expected extend its wings further with a target towards $10,000 […]
Technical Market Overview: The EUR/USD pair has moved higher towards the technical resistance located at the level of 1.1264, but failed to break through it. The move up is not impulsive, but it is still corrective in nature, so it is not the beginning of an uptrend, but the continuation of the previous cycle. Only […]
Crypto Industry News: Lucien Chen – former technical director (CTO) and co-founder of the Blockchain Tron (TRX) protocol – announced that he was leaving the project, claiming that it had become excessively centralized and deviated from the basic principles. Chen revealed his decision on the Medium blog. In his statement, Chen describes the story of […]
USD has gained momentum against GBP recently which lead the price to break below 1.30 area with a daily close. It is a sign of further bearish momentum for the coming days. The British pound fell a bit initially to kick off the trading session on Monday as China announced further tariffs against the US. […]
Crypto Industry News: Bitcoin will have a 5% market share around the world by 2023, VC investor Tim Draper said in a tv interview. Speaking at the SALT Conference in Las Vegas, Draper – who became an unbending supporter of Bitcoin – said that the largest cryptocurrency would continue to rise on price: |In my […]
Morning Report: 07.00 London Haven asset demand is slipping this morning despite the tariff battle rumbling on. The Japanese yen is hitting reverse gear hard, with the USD/JPY undoing nearly all of yesterday’s losses after hitting a low just above 109.00. Other yen pairs are also recovering, with the AUD/JPY rebounding from below 76.00 this […]
Today, investors will continue to focus on the ongoing trade conflict between the United States and China. This is after China announced that it will put additional tariffs on goods worth more than $60 billion. These tariffs will be targeted at some industries like agriculture and manufactured goods. Traders will continue to look at the […]
GBPUSD extended last week’s decline towards the 200-day simple moving average (SMA) on Monday and could lose further if the RSI and the MACD remain in bearish territory. The fast-stochastic oscillator, however, suggests that in the very short-term upside corrections are possible as the indicator heads for a bullish cross in oversold area. The previous low of 1.2864 (bullish doji), which is slightly […]
This May XM hosted an exclusive forex seminar in the Thai capital, Bangkok, where we had the pleasure of welcoming a great number of online investors who took a serious interest in learning from professionals. The educational event held at The Athenee Hotel on 11th May, had forex instructor Feungtot Paitivetwanakit as keynote speaker, who […]
After a strong beginning of the year, US stocks suffered the worst drop in months yesterday. The Dow Jones Industrial Average and Nasdaq declined by 600+ and 270 points respectively. The declines are as a result of the escalating trade war between United States and China. On Sunday last week, out of nowhere, Donald Trump […]
AUD/USD On Monday, under the general pressure of the US dollar, the “aussie” lost 55 points. On a daily scale, the marlin oscillator signal line tried to break down from the consolidation on April 25-May 13. The price has consolidated under the embedded line of the price channel and continues to decline towards a target […]
EUR/USD For the third day now, the euro has been trapped between the indicator balance and MACD lines on a daily scale chart. Every time the price went beyond the resistance of the balance line, but fell back. On the H4 graph, the marlin oscillator used up the heat and has already dealt with the […]
Forecast for May 14: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1317, 1.1300, 1.1271, 1.1256, 1.1222, 1.1206 and 1.1184. Here, we continue to monitor the local structure for the top of May 3rd. Short-term upward movement is expected in the range of […]
Minute (h4) Great Britain Pound vs US Dollar Previous review from 08/05/2019 22:09 UTC + 2. ____________________ The currency movement of her Majesty’s GBP / USD from May 14, 2019 will be determined by developing the boundaries of the zone of the equilibrium (1.2980 <-> 1.2930 <-> 1.2885) fork operational scale Minuette. The layout of […]
Minute ( h4 ) Euro vs US Dollar Previous overview from 08/05/2019 22:20 UTC + 2 ____________________ The development movement of the single European currency EUR / USD from May 14, 2019 will result depending on the direction of the breakdown of the boundaries of the channel. The 1/2 Median Line (1.1220 <-> 1.1233 <-> […]
Core inflation in the US rose to 2.1% y/y in April against 2.0% y/y a month earlier, overall growth was slightly below expectations, but did not cause any noticeable reaction in the markets. At the last FOMC meeting, the topic of inflation sounded quite heavy, because inflation is one of two parameters, along with the […]
Following the two-day talks, the United States and China did not reach a trade agreement. Immediately after this, US President Donald Trump stated that the United States and China had direct and constructive discussions on the status of their trade relations, but whether the duties would be retained or abolished depends on what happens next […]
The euro-dollar pair ended the previous week at around 1.1232, that is, above the Bollinger Bands average line and above the Tenkan-sen and Kijun-sen lines (on the daily chart), while the Ichimoku indicator formed a “Golden Cross” signal which cautioned a possible trend reversal. That is, from a technical point of view, the pair retained […]
Morning Report: 07.00 London This morning, the Japanese yen and Swiss franc are strong as safe havens rise in demand. The China-US trade deal differences appear to be widening despite Trump’s reassurances. US CPI also came in below estimates on Friday. The USD/JPY has gapped below 110.00 to trade at 109.70 this morning. The AUD/JPY […]
Morning Report: 07.00 London With US-China trade talks appearing on shaky ground, the Japanese yen continues to find buyers looking for a safe harbour. The yen pairs are firmly on the back foot, with the USD/JPY dropping for the fifth straight day. The AUD/JPY is also continuing its slump, heading for its lowest levels since […]
Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]
EURUSD has tried to break above the 1.1230-1.1260 resistance area but thus far price seems unable to break through resistance. Momentum favors the break out but as long as we trade below 1.1260 we continue to trade inside a medium-term bearish channel. Red lines – bearish medium-term channel Blue rectangle – important horizontal resistance Black […]
Gold price has broken above the short-term top at $1,288-91 area and has reached the pivot level of $1,300. Managing to hold above it will open the way for a move towards $1,350. Failure to maintain bullish momentum will lead to a sharp rejection and reversal. So far the bullish scenario prevails. Green rectangle – […]
On March 29, the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted broken uptrend line demonstrated significant […]
The UK jobs report is due out on Tuesday (09:30 GMT) and forecasts point to a slowdown in wages, which may weigh on the pound a little. In the bigger picture, the risks around sterling also seem tilted to the downside, as any breakthrough in the cross-party Brexit talks seems unlikely, and May’s premiership is […]
Gold has been trading upwards as we expected last week. The price tested the level of $1.299. There is still space for more upside so you should watch for buying on the pullbacks. According to the Daily time – frame, we found that there is the breakout of the 5-day balance and break of key […]
GBP/USD is trading upwards today and the price tested the level of 1.3040. Anyway, be careful when buying due to potential downward continuation on the larger scale. According to the H4 time – frame, I found that there is breakout of the bearish flag and rejection of the medium Keltner EMA, which is sign that […]
